S 1270 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide for the refunding of so much of a taxpayer's investment credit as exceeds his liability for income tax.

Introduced 1977-04-07· Sponsored by Sen. Long, Russell B. [D-LA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1977-04-07)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a refund of so much of a taxpayer's investment credit as exceeds his liability, for income tax.…

Summarized by Claude AI · Non-partisan · For informational purposes only